Joseph Wong
- Published in print:
- 2011
- Published Online:
- August 2016
- ISBN:
- 9780801450327
- eISBN:
- 9780801463372
- Item type:
- book
- Publisher:
- Cornell University Press
- DOI:
- 10.7591/cornell/9780801450327.001.0001
- Subject:
- Political Science, Asian Politics
After World War II, several late-developing countries registered astonishingly high growth rates under strong state direction, making use of smart investment strategies, turnkey factories, and ...
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After World War II, several late-developing countries registered astonishingly high growth rates under strong state direction, making use of smart investment strategies, turnkey factories, and reverse-engineering, and taking advantage of the postwar global economic boom. Among these economic miracles were postwar Japan and, in the 1960s and 1970s, the so-called Asian Tigers—Singapore, Korea, and Taiwan—whose experiences epitomized the analytic category of the “developmental state.” This book examines the emerging biotechnology sector in each of these three industrial dynamos. They have invested billions of dollars in the biotech industry since the 1990s, but commercial blockbusters and commensurate profits have not followed. Industrial upgrading at the cutting edge of technological innovation is vastly different from the dynamics of earlier practices in established industries. The profound uncertainties of life-science-based industries such as biotech have forced these nations to confront a new logic of industry development, one in which past strategies of picking and making winners have given way to a new strategy of throwing resources at what remain very long shots. The book illuminates a new political economy of industrial technology innovation in places where one would reasonably expect tremendous potential—yet where billion-dollar bets in biotech continue to teeter on the brink of spectacular failure.Less
After World War II, several late-developing countries registered astonishingly high growth rates under strong state direction, making use of smart investment strategies, turnkey factories, and reverse-engineering, and taking advantage of the postwar global economic boom. Among these economic miracles were postwar Japan and, in the 1960s and 1970s, the so-called Asian Tigers—Singapore, Korea, and Taiwan—whose experiences epitomized the analytic category of the “developmental state.” This book examines the emerging biotechnology sector in each of these three industrial dynamos. They have invested billions of dollars in the biotech industry since the 1990s, but commercial blockbusters and commensurate profits have not followed. Industrial upgrading at the cutting edge of technological innovation is vastly different from the dynamics of earlier practices in established industries. The profound uncertainties of life-science-based industries such as biotech have forced these nations to confront a new logic of industry development, one in which past strategies of picking and making winners have given way to a new strategy of throwing resources at what remain very long shots. The book illuminates a new political economy of industrial technology innovation in places where one would reasonably expect tremendous potential—yet where billion-dollar bets in biotech continue to teeter on the brink of spectacular failure.
- Published in print:
- 2003
- Published Online:
- March 2013
- ISBN:
- 9780226143781
- eISBN:
- 9780226143804
- Item type:
- chapter
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226143804.003.0008
- Subject:
- History, American History: 20th Century
This chapter discusses the decline and fall of skid rows. During the postwar economic boom, when the family-wage system enjoyed greater authority than it ever had before or ever would again, skid row ...
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This chapter discusses the decline and fall of skid rows. During the postwar economic boom, when the family-wage system enjoyed greater authority than it ever had before or ever would again, skid row seemed to represent a strange exception to the general rule of mobility. With Americans moving upward into the middle class and outward to the suburbs, the men of skid row appeared to be stagnating. Skid row men elicited pity during the Cold War era, but they also evoked disgust and not a little fear. Skid row homelessness represented a blatant affront to the nuclear family ideal, an ideal which held such extreme sway in postwar culture that the few who deviated from it escaped without sanction. Far from being an isolated ghetto, skid row hosted men of various racial, ethnic, and age groups and saw a great deal of interaction with surrounding black, Latino, and other working-class neighborhoods.Less
This chapter discusses the decline and fall of skid rows. During the postwar economic boom, when the family-wage system enjoyed greater authority than it ever had before or ever would again, skid row seemed to represent a strange exception to the general rule of mobility. With Americans moving upward into the middle class and outward to the suburbs, the men of skid row appeared to be stagnating. Skid row men elicited pity during the Cold War era, but they also evoked disgust and not a little fear. Skid row homelessness represented a blatant affront to the nuclear family ideal, an ideal which held such extreme sway in postwar culture that the few who deviated from it escaped without sanction. Far from being an isolated ghetto, skid row hosted men of various racial, ethnic, and age groups and saw a great deal of interaction with surrounding black, Latino, and other working-class neighborhoods.
